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Old 04-13-12, 06:05 AM
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Maloofs want to renig on Arena deal and move from Sacramento

For the second year in a row, Mayor Kevin Johnson will parachute into New York in an 11th-hour attempt to keep the Kings in Sacramento. Johnson will meet with Kings owners and NBA officials today for what appears to be an attempt at peacemaking following weeks of rancor that threaten to kill a tentative plan for a new downtown arena. Johnson's trip was announced Thursday afternoon by Maloof representatives – minutes after the Maloof family, flanked by attorneys and economists, finished briefing fellow NBA owners behind closed doors on the reasons they are refusing to sign on to a proposed Sacramento arena financing plan...

Johnson declined to comment about the trip. The mayor's staff, however, released an open letter from the mayor to the Maloof family late Thursday night laying out Johnson's parameters for today's meeting. In the letter, Johnson reiterated the city's stance that the Maloofs had agreed to a deal more than a month ago and said "under no circumstances will the city make material adjustments to the current terms of the deal." "Put simply, we have done our part. And there should be no expectation in (today's) conversation that this deal is subject to further negotiation."

Earlier Thursday, a group of 26 Sacramento businessmen held a news conference saying they were faxing a letter to Stern calling for a change of ownership for the Kings. "We believe it is time for the Maloofs to sell their ownership of the franchise, for the good of the city and in the interest of advancing Sacramento's effort to build a downtown arena," the group wrote. The Maloofs fired back with an open letter saying the family was "saddened and disappointed" by criticism from people "not fully informed on the true details of the complex dealings in this arena process."

Sacramento mayor jets to N.Y. meeting - Kings/NBA - The Sacramento Bee
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